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Tribune Media Company latest news:
REFILE-Tronc buys New York Daily News in push into No. 1 media market
Sept 5 (Reuters) - Tronc Inc, owner of the Chicago
Tribune and the Los Angeles Times newspapers, has gained entry
into the United States' top media market by acquiring the New
York Daily News from publishing and property mogul Mort
Tronc buys New York Daily News in push into No. 1 media market
(Reuters) - Tronc Inc , owner of the Chicago Tribune and the Los Angeles Times newspapers, has gained entry into the United States' top media market by acquiring the New York Daily News from publishing and property mogul Mort Zuckerman.
L.A. Times, Chicago Tribune owner buys New York Daily News
(Reuters) - Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.
Tronc buys New York Daily News
Newspaper company Tronc, which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.
BRIEF-Sinclair Broadcast Group and Tribune Media announce filing of FCC response
Sinclair Broadcast Group Inc(SBGI). * Sinclair Broadcast Group(SBGI) and Tribune Media (TRCO) announce filing of fcc response. * Tribune Media Co (TRCO) and Sinclair Broadcast Group (SBGI) filed joint opposition to petitions to deny merger of two companies Source text for Eikon: Further company coverage:
Tribune Media reports Q2 loss and light revenue
Tribune Media Co. said on Monday it had a net loss of $30.4 million, or 35 cents per share, during its second quarter, which was smaller than the $161.6 million loss, or $1.76 per share, during the same quarter a year ago. The company's adjusted earnings were 36 cents per share, below FactSet's consensus of 41 cents. Revenue for the quarter was $469.5 million, down from $479.8 million a year ago, and just below FactSet's consensus of $473.0 million. The media company said it recently received a request from the Department of Justice for additional information and documentary material in relation to its agreed upon merger with Sinclair Broadcast Group , extending the waiting period for the deal. Shares of Tribune were inactive in premarket trade, but have gained nearly 17% in the year to date, while the the S&P 500 index is up almost 11%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tribune Media sells majority ownership stake in CareerBuilder
Tribune Media Company said late Monday it has sold the majority of its ownership stake in the CareerBuilder website, as other owner Tegna Inc. completed the site's sale to a group led by investment funds managed by affiliates of Apollo Global Management and the Ontario Teachers' Pension Plan Board. Tribune Media will receive about $158 million in cash as a participant in the sale and will retain an approximate 7% ownership stake in CareerBuilder. Shares of Tribune Media were flat in late trading and ended the regular session down 0.2%. In a separate statement Monday, Tegna announced the sale had been completed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Tribune Media sells majority of its ownership stake in CareerBuilder
* Tribune Media sells majority of its ownership stake in
Illinois budget tension aggravated by capitol lockdown due to suspicious substance
Thursday's special Illinois House session, where members were to vote on an override of Gov. Bruce Rauner's veto of the tax hike and spending plan that could end the state's two-plus years without a budget, has hit a snag. The capitol was in lockdown and the vote delayed after a suspicious substance was reported found near Rauner's office, the Chicago Tribune and other media outlets reported. The Democrat-controlled House faces a close vote to override the veto and will need nearly all of the handful of Republicans who sided with the Democrats on budget passage to show up and vote to strike down the veto. It has taken a few days to gather the legislators back in the capitol. The state continues to risk becoming the first with a junk credit rating. S&P currently places it one step above junk. Moody's this week said it's continuing to review the state's current Baa3 rating for a possible downgrade despite "legislative progress towards a fiscal recovery plan based on permanent income tax rate increases." Even if the House matches Senate action in overriding the governor's veto, there's "the likelihood of further deterioration in Illinois's most pressing credit challenges: its severely underfunded pensions and a backlog of unpaid bills, which has doubled during the past year," Moody's said.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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